This Solana meme coin has raised more than 100 million dollars

DAO Maker has achieved remarkable success by raising nearly $100 million in presale for PUNDU meme coin.

The massive investment in 36 hours shows the appetite for high risk in the crypto market. However, the overwhelming response necessitated a refund to contributors who sent the money after the target, resulting in a subscription.

Solana meme coins are in high demand

DAO Maker has announced an impressive $97.6 million raised across Binance Smart Chain and Solana, with support from over 20,000 users. PUNDU, which was introduced on the launchpad a few days ago, quickly caught the interest of investors, exchanging SOL and USDT for PUNDU allocations.

This achievement marks a milestone in establishing PUNDU's pre-sale as the largest ever for a meme coin. Most of the deposits came from Binance Smart Chain, which raised $60 million. However, Solana's pre-sale address also saw significant activity. It surpassed the 33,333 SOL hard cap and received 212,404 SOL for $37.6 million, highlighting the high demand for meme coins in the Solana ecosystem.

Pending PUNDU's launch date, MemeCoin has promised an actual release, allocating 40% of tokens for the presale, another 40% for liquidity pools, and dividing the remaining 10% evenly between marketing efforts and long-term exchange listings.

Read more: 6 Best Platforms to Buy Solana (SOL) in 2024

According to crypto researcher ZachXBT, Solana presales have collected more than 796,000 SOL, which is around $149.20 million. Such mania has prompted Solana Labs co-founder Anatoly Yakovenko to advise investors to “hold off” on the SOL pre-sale.

“I think it's very strange that people end up online and have nothing better to do,” Yakovenko said.